Today, the Indian stock market closed on a flat note, after a positive start. The BSE Sensex gained just 9 points, while the NSE Nifty rose by 0.3 points. Investors showed caution after comments from US Treasury Secretary Scott Bessent about upcoming tariffs, which might affect sentiment.
Top gainers included HUL, Kotak Mahindra, and Asian Paints. In contrast, Bharat Electronics, Ultra Tech Cement, and Tech Mahindra faced losses. The GIFT Nifty was slightly up at 25,528 during this update. While large-cap stocks saw mixed results, MidCap and SmallCap indices dipped by 0.2% and 0.3%, respectively.
In sector performance, oil and gas as well as power sectors enjoyed some buying activity, while metal and telecommunication sectors faced selling pressure.
The rupee is trading at Rs 85.4 against the US dollar. Gold prices fell by 0.3%, trading at Rs 96,636 per 10 grams, while silver prices also dropped by 0.4%, landing at Rs 107,916 per kg.
Looking at specific companies, Godrej Consumers saw its shares rise 5% after a positive business update for Q1. They anticipate growth in both value and volume, particularly in the Home Care segment. Despite some challenges in the Personal Care sector, overall expectations appear optimistic. The company aims for double-digit growth in EBITDA this fiscal year.
Dabur India shares jumped 2% following a strong Q1 report, indicating recovery in demand. The company is optimistic about increased revenue growth, supported by favorable economic conditions. They plan to focus on their home and personal care divisions, expecting strong sales in oral and skincare products.
From the e-commerce sector, Nykaa’s stocks rose over 2% after reporting a robust Q1 update. Their net revenue is projected to grow by mid-20%. Despite some challenges in recent sales, growth in online and physical stores is promising.
Jaiprakash Power Venture’s shares surged 18% after a successful AGM. Reports suggest that the Adani Group might acquireJaiprakash Associates, improving investor confidence amid their ongoing insolvency proceedings.
In summary, the market’s performance today reflects mixed results, with some firms thriving while others struggle. Observing these trends can provide insights into areas of growth and potential opportunities in the coming months.